HR 4375 · 101th Congress · Taxation

Higher Education Savings Plan Act of 1990

Introduced 1990-03-22· Sponsored by Rep. Vander Jagt, Guy [R-MI-9]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1990-03-22)

Plain Language Summary

[AI summary unavailable — showing source text] Higher Education Savings Plan Act of 1990 - Amends the Internal Revenue Code to exempt distributions from a higher education expenses annuity contract from the ten-percent penalty on premature distributions from annuity contracts. Excludes the premium to purchase such a contract from gift tax liability.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

1 Democrat2 Republicans
Rep. Crane, Philip M. [R-IL-12]IL
Rep. Jacobs, Andrew, Jr. [D-IN-10]IN
Rep. Sundquist, Don [R-TN-7]TN